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Government in race against time to resolve bailout issues
EconomyProgramme. Those issues relate to the first set of milestones for the disbursement of the sub-tranche of 2... taxation on lottery games and particularly KINO, which makes up 85 percent of total lottery revenues... tax results in the targeted tax revenues the net impact on the total tax revenues from OPAP could
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeof the first set of prior actions. Such a development would unlock the next sub-tranche of 2 billion... on the government’s proposal to cover a total of around 58-60 percent of indebted households so... but the idea of using the homeowner’s total debt seems to be off the table. On the management of NPLs
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Coalition considers options for addressing pension system sustainability
EconomyProgrammeup 28 percent of total from 16 percent in 2009. In addition, the ratio of insured persons over... and granted to all those above the retirement age with minimum of 15 years employment. 2) On top... the incorporation of supplementary funds into main pensions with the aim to secure a higher total pension
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Greece close to agreement that would unlock sale of Astir Vouliagmenis
Economy) with the total size of the hotel complex at 120,000 square meters. Market sources indicate that NBG would receive 300 million from the total consideration of 400 million and HRADF the remaining 100 million... target of 2 billion. On top of the mentioned projects, other privatisation targets for 2016 include
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Newsletter 59 - 22/01/2016
their total tax and SSC burden to more than 80 percent of their net income. A joint committee... market value. HRADF said the total value of the transaction would reach 1.5 billion, when revenues... reflects a similar decrease in manufacturing turnover. 2 A year of SYRIZA Greeks paid a heavy price
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomybillion. Thus, we conclude that the total revenue outperformance is attributed to the non-tax... billion) 2) Social protection (at 99 million corresponding to just 6.8 percent of the annual target..., slightly above target of 1.68 billion. Overall, total expenditure rose by 2.5 percent to 7.94 billion
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammemonthly earnings of each employee for the total number of working years after applying progressive replacement rates. Replacement rates start from 0.77 percent for the first 15 years up to 2 percent... from the beginning of June 2016 until the end of May 2019. A lower rise by a total of 0.5 points
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General gov't figures shed more light on course of spending, revenues during crisis
EconomyMacroeconomyin 2015. The combined effect of higher primary expenditure and lower interest payments led total... in absolute terms, the respective ratio for primary expenditure was reduced by less than 2 pp from... the same six-year period by a total amount of 30.76 billion with the deficit landing at 5.6 billion
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales... to generate total proceeds of 5.8 billion euros by 2018, of which 2.5 billion are expected to be collected... will be transferred to the Italian grid operator Snam. Of the total 66 percent stake in DESFA that is directly
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the actual fiscal outcome for the prior year with the agreed target, depicts the total amount... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts... will be imposed automatically by cutting with a similar rate of the total budget expenditure excluding
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